SANDVIKEN, Sweden, Dec. 10, 2002 (PRIMEZONE) -- Sandvik (Other OTC:SDVKY) has decided that the public offer to the other shareholders in German Walter AG will no longer be conditional on Sandvik achieving ownership exceeding 95 percent. As a result of the change, the offer is extended through December 27, 2002.
Sandvik AB (publ) Peter Larson, Executive Vice President and CFO +46 26 26 10 61
Sandvik is a high-technology engineering group with advanced products and world-leading positions in selected areas -- tools for metalworking, machinery and tools for rock excavation, stainless steel, special alloys and resistance heating materials and process systems. The Group has 37,000 employees in 130 countries, with annual sales of approximately SEK 55,000 M.
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http://www.waymaker.net/bitonline/2002/12/10/20021210BIT00700/wkr0001.doc
http://www.waymaker.net/bitonline/2002/12/10/20021210BIT00700/wkr0002.pdf